Key members of the Trust Company of the West (TCW) have departed the firm.
The departures include chief investment officer Jeffrey Gundlach, and team members Phil Barach, Louis Lucido, Vincent Fiorillo, Joel Damiani and Joseph Galligan.
TCW is the US-based subsidiary business of Societe General Asset Management (SGAM).
The firm has a number of local clients including ING Investment Management and Sunsuper, ipac and Pengana.
It is business as usual for the local business, particularly given the firm's acquisition of the Metropolitan West Asset Management (MetWest), according to SGAM managing director Phil Filippelis.
"The acquisition of MetWest and their experienced team protects our clients' assets and results in a replacement of skill with skill," he said.
In December TCW announced its purchase of MetWest. MetWest partner and chief executive David Lippman will become managing director of TCW's high-grade fixed income business.
"MetWest has about $30 billion in fixed income assets under management and operate in a highly collaborative, client focused culture. So its business as usual for us," Filippelis said.
